COINSILIUM GROUP LIMITED
(“Coinsilium” or the “Company”)
FUNDRAISING AND TRADING UPDATE
The Directors’ participation in the Subscription are:
Director Number of Ordinary shares Amount subscribed Eddy Travia 1,000,000 £10,000 Malcolm Palle 2,500,000 £25,000 Tony Sarin 1,000,000 £10,000
Current Trading and Outlook
Since the beginning of the year,
Moving forwards, the Company will be taking a more proactive stance and is currently reviewing a number of potential commercial opportunities to further expand the business in an innovative, yet cost effective manner.
As awareness of Blockchain technologies reaches the mainstream and broader market, the Company’s prime near-term objective is to significantly advance Coinsilium's profile and raise investor awareness of the Company’s activities.
“We are delighted to see the continued support of our existing shareholders and all current directors in the current fundraising.
“Businesses worldwide are now starting to recognise the potential of blockchain technologies and their capacity to improve lives and generate significant cost savings through enhanced business efficiencies. We also fully expect Blockchain technologies to open up numerous new commercial opportunities. With that impact comes the chance for
On completion of the Subscription, the Company is aware of the following disclosable interests in the share capital of the Company:
Name Number of Ordinary shares Percentage interest in enlarged issued share capital Cosmic Bridge Ltd 11,791,176 13.08 Eddy Travia*` 6,477,913 7.18 Malcolm Palle* 6,277,921 6.96 Rockridge Investments 5,500,000 6.10 Hakim Mamoni 5,352,913 5.94 Malcolm Burne 5,200,000 5.77 Cameron Parry 4,877,921 5.41 Michael Joseph 3,914,555 4.34 Aden Partners Ltd 3,282,001 3.64 Tony Sarin* 2,285,714 2.54
* Director of the Company
In addition to the Subscription, the Directors of the Company have resolved to issue Ordinary Shares in lieu of fees for services to the Company (the “Fee Shares”), for the period to end
Name Fee Shares Tony Sarin* 500,000 Malcolm Palle* 500,000 Others 929,000
* Director of the Company
The issue of shares in lieu of fees enables the Company to keep its cost base to a minimum, preserving cash for investment activities.
Following the issue of the Subscription shares and the Fee Shares, the interests of the Directors of the Company are:
Director Number of Ordinary Shares Percentage interest in enlarged issued share capital Eddy Travia 6,477,913 7.03 Malcolm Palle 6,777,921 7.36 Tony Sarin 2,785,714 3.02
Following the issue of the 20,727,500 Ordinary Shares, the Company has 92,090,103 Ordinary Shares in issue, which also represents the total number of voting rights in the Company. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the
The Directors of
Eddy Travia, CEO +44 (0) 207 099 0740 Coinsilium Group Limitedwww.coinsilium.com Malcolm Palle, Non-executive Director +44 (0) 7785 381089 Coinsilium Group Limited Luther Pendragon LtdHarry Chathli, Ana Ribeiro, Alexis Gore+44 (0) 207 618 9100 Guy Miller/ Mark Anwyl+44 (0) 207 469 0930 Peterhouse Corporate Finance Limited(NEX Exchange Corporate Adviser) Nick Emerson/ Andy Thacker+44 (0) 1483 413 500 SI Capital Limited(Broker)
Notes to Editor
For further information please visit http://www.coinsilium.com/